LG Energy Solution and GM Target World-First Prismatic LMR Battery Production

LG Energy Solution signed a master supply agreement with Canadian BESS integrator Eneon to supply its North America-made, LFP-based JF2 DC Link ESS solution. The containerized system has a capacity of up to 5.1 MWh. The contract value was not officially disclosed, although some reports described it as worth hundreds of billions of won. LG Energy Solution said it plans to expand ESS production capacity to more than 60 GWh globally and more than 50 GWh in North America by year-end.

Korea’s nickel sulphate market remained weak in September. August exports fell 9% MoM, with China-bound shipments down 37% while exports to Japan rose 38%. From Sept. 4-30, China domestic prices fell 2.5%, versus a 4.3% drop in Korean CIF China prices. Weak NCM demand continued to pressure sales, while Q4 conditions will depend largely on China’s post-holiday demand recovery.

[Ministry of Science and Technology: China has become one of the countries with the fastest-rising innovation capacity] At the press conference on the "Launching the 15th Five-Year Plan" series held by the State Council Information Office today (the 29th), Minister of Science and Technology Yin Hejun introduced that over the past five years, China's scientific and technological innovation has reached a new level, solid strides have been made in building a strong science and technology nation, and strong support has been provided for high-quality development and improvements in people's livelihoods. Major original achievements such as Jiuzhang, Tianwen, and Chang'e have emerged at an accelerated pace, new breakthroughs have been made in chip research, open-source large models are leading globally, emerging industries such as NEVs and robotics are flourishing, and a number of scientific and technological achievements, including innovative drugs and new crop varieties, are benefiting the general public. According to the National Innovation Index Report 2025 by the Chinese Academy of Science and Technology for Development, China's comprehensive national innovation capability ranking stands at 9th globally. China is accelerating its transformation from a global participant and contributor in science and technology to a pioneer and leader, becoming one of the countries with the fastest-rising innovation capacity.